Financial Wealth Ideas

Formation and development of the European Union - is the integration of Western European countries in political, economic, cultural aspects. This process continues today: The EU is expanding - recently by 15 members of the community added another 10 states, is also not excluded that the EU enlargement will take place in the future. There is a growing and Monetary Union of European States. Although not all EU members have moved into the present moment to the euro, many of these countries are going to join the Monetary Union in the coming decade. The main purpose of education was the creation of the European Union's single market for more than 370 million Europeans, ensuring freedom of movement of persons, goods, services and capital. Among the objectives of the European Monetary Union can be identified such as the facilitation of mutual settlements between the countries involved, the stabilization of exchange rates, as well as the emergence of a strong and stable single European currency, which would have been able to compete with the dollar in world markets. In terms of economic development of the European Monetary Union, to date there are 7 stages of the integration of its member States: Stage 1 - 1947-1957 years - the beginning of European economic integration, the establishment of the European Payments Union. 2 stage - 1957-1974 years - the establishment of the European Economic Community (EEC), the plan "Venus". Stage 3 - 1974-1985 - Enter the first European unit of account - ESU (European unit of account - EUA), the decision to establish the European Monetary System, the emergence of a European monetary unit "ECUs" (European currency unit - ECU).